ASX Release

15 November 2016

Placement - ASX Listing Rule 7.1A.4(b) and 3.10.5A Information

ADX Energy Ltd (ASX:ADX) hereby provides information in accordance with ASX Listing Rule 7.1A.4(b) and 3.10.5A relating to the placement announced on 9 November 2016:

  1. A total of 46,014,748 ordinary fully paid shares were issued under the placement. Of this total, 2,302,342 shares were issued with security holder approval under ASX Listing Rule 7.1A. The dilutive effect of the issue under 7.1A on existing shareholders of the Company is as follows:

    Shares

    Dilution

    Shares on issue pre issue

    798,199,188

    Shares issued under LR 7.1A capacity

    2,302,342

    0.27%

    Sub-Total

    800,501,460

    Shares issued under LR 7.1 capacity

    43,712,406

    Total Shares on Issue post placement

    844,213,866

    Details of the Company's issued capital following completion of the share issue held by pre- issue shareholders and new shareholders are as follows. Please note this information relates specifically to the 2,302,342 new shares issued under Listing Rule 7.1A.

    Shares

    Percentage

    Pre-issue shareholders who did not participate in the new issue under 7.1A

    754,349,817

    94.23%

    Pre-issue shareholders who participated in the new issue under 7.1A

    46,151,643

    5.77%

    New shareholders who participated in the new issue under 7.1A

    -

    -

    Total

    800,501,460

    100.00%

  2. The Company issued shares as a placement to sophisticated and professional investors as this was considered to be the most expedient mechanism for raising funds to continue the funding of the Company's appraisal and feasibility work programs on the Nilde Oil Field Development Project offshore Italy, the commencement of feasibility studies on the Company's Dougga gas condensate discovery offshore Tunisia as well as to augment ongoing working capital requirements.

  3. The placement was not underwritten.

  4. Fees payable to the lead manager in connection with the placement comprise a placement fee of 5% of the value of shares subscribed and an issue management fee of 1%.

Yours sincerely,

Amanda Sparks Company Secretary

www.adxenergy.com.au

ADX Energy Ltd. published this content on 15 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2016 01:13:10 UTC.

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